Capitalsouth Bank Gives Bank Loan to Furniture Stores Company

Small business loans in Florida are are few and far betweeen these days. We take a look at one Florida small business loan, provided by a Florida bank, that was approved by the SBA.

Getting a small business loan in Jacksonville, Florida was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Capitalsouth Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
JACKSONVILLE, FL 32256

SBA Loan Lender

CAPITALSOUTH BANK
3288 S THIRD ST
JACKSONVILLE BEACH, FL 32250

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

10/10/2001

Loan Approval Gross Amount

$78,600

Loan Approval from the SBA

Of the total $78,600 loan amount, the SBA guaranteed $66,810.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Advice on Getting a Small Business Loan

Small Business Banks in Jacksonville Beach, Florida

Getting an SBA Loan in Florida